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gallagher in washington, vice president and executive director of msnbc.com. that was general norman swa schwartzkopf you saw on your screen who passed away yesterday. i have a lasting memory of general schwartzkopf who served in the war in vietnam as well as leading gulf storm one. there was a woman from iowa. her name was peg mullen. she wrote a book about the death of her son, michael mullen. the name of the book was "friendly fire." norman schwartzkopf was the battalion commander. he was so approachable to peg mullen, so human in his relations with peg mullen, who sought to find out how her son was killed in vietnam. he died from friendly fire, which, you know obviously meant he was killed within the confines of his own unit by shrapnel from american weapons fired. it was so impressive to read about then a colonel later to become norm an schwartzkopf general "time" magazine's man of the year who was so human. just that clip we just showed right then compared to a lot of military officials who we see on tv. an actual human being would could say i hope i don't make a mistake. things li
laid back new year's celebration ever? no. celebration of washington state's brand new pot law. yes, they're smoking joints. >>> i dare you, like double dare you. obama administration bites and says, yeah, we're prepared to go off the fiscal cliff. >>> roger goodell, the commissioner football fans love to hate. there's a softer, gentler side of goodell. seriously. the nfl commissioner you don't know. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. smoke 'em if you got 'em. recreational marijuana is officially legal in washington state. shall we say a rather mellow celebration at seattle's space needle? pot smokers lit up like it was new year's eve. new voter approved initiative went into effect midnight. this pot party technically, is illegal. wz's law bans smoking pot in public places. for now the seattle police department is turning a blind eye. this notice was sent to all officers last night. until further notice officers shall not take any enforcement action, other than to issue a verbal warning, for a violation of initiative 502. m
>>> pleading for aid. new jersey governor chris kristy goes to washington. >> the money he wants to help recover from super storm sandy. >> hi, everybody. i'm mary bull bal bubala. -- bubala. >> i'm kai jackson. here's what people are talking about. >> super storm sandy hit new jersey heights residents hard, but its residents are still slowly picking up the pieces. the state's governor paid a visit to president obama today, asking for money to help rebuild. >> reporter: the deans are packing what they can salvage from their new jersey home. >> 20 years of collectible cinderella stuff that my husband -- sorry. my husband started collecting it for me, ever since we started dating. >> reporter: everything else is lost. their seaside heights community took a direct hit from the storm, which destroyed 80% of the town. police chief thomas boyd said, with federal help, the town will rebuild. >> seaside heights is never leaving. we're going to rebuild and we're staying. >> reporter: governor chris christie worked closely with the president. now he
of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at the very low, bill? >> i think so, yes. >> and the nasdaq finishing down 25 points and the s&p off by 15, a fifth straight day in the red. well, it is the last friday of 2012. it's in the books. check. still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the mar
. >> good morning. >> and in washington, msnbc and "time" magazine senior political analyst, mark halperin. >> listen to the song. ♪ waiting for the end of the world ♪ >> good call, kid. elvis costello. "end of the world." >> "end of the world." it's here. no. no, no. >> what's this "new york post" stuff? what's going on? >> i don't know. olympic gold medalist turned prostitute. >> are you serious? >> the thing about the "post," they are always on the pulse. >> exclusive piece or is it in "the times," too? >> here's -- i'm glad it's going on in new york. they're getting ready for the holiday season. >> they've got their eye on the ball. >> i don't know what's going on there. >> let's just throw those away. john boehner had a bad night last night. >> yeah. a picture on the front page of "the new york times" seemed to say it all. >> yeah, my goodness. >> look at his face. >> he said a prayer last night. he undertook a gambit. he decided that he was going to walk away from negotiations and try to get republicans to support a tax increase on people making $1 million or more. without any sp
did happen, back in 2008. and our cbs station in washington, d.c. said it's no secret the secret service is now being investigated by the inspector general. >> any time when you have a compromise of information that could somehow put into play an agent and officer's vulnerabilities, then you have a threat potentially to national security. >> reporter: seen in reports, those missing files haven't been recovered, the lost information was reportedly on two computer tapes, headed to a secure storage in maryland. they apparently left the tapes on the train when it came to the end of the mow tro line. >> why wasn't it chained to his wrist with a handcuff in a case the second he stood up, said, i think i need to grab it. >> reporter: the secret service issued this statement, verifying the incident did need to happen, saying these backup tapes were not marked or identified in any way and were protected by multiple layers of security. >> the secret service tells our cbs service in washington that they notified metro transit police, and they assisted in h
finding security in benghazi was grossly inadequate to cope with the attack, that washington ignored repeated requests to beef up personnel, and ultimately a lack of transparency, responsiveness and leadership senior levels both this washington and in libya. alise, what do you make of this report. a lot of these findings we've been talking about for a very long time. >> that's right, but also in the last few months, there's been so much politicization of this attack, especially with these talking points and the whole issue of susan rice, ambassador susan rice and what she said about whether there was a protest. this report didn't find that there was a protest, but it also kind of really is the first look at what went wrong, a kind of very sobering look i'd say of what went wrong. and they said that basically the state department and the embassy in libya kind of missed the warning signs that there was an imminent attack coming. there wasn't a specific threat, but a lot of attacks on other western targets that should have been a clue that there was deteriorating security situation and
said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he coul
. this weekend i welcome dan savidge to talk about guy marriage in washington. >>> right now, the syrian military is prepared to use nerve weapons against its own people. will this guy give that order? new details ahead. >>> president obama remains firm that the wealthy must pay more. a few republicans are joining him. pipa visits sister kate. >>> the $8 million man and nasa's high res look at you on our planet earth. good morning, everyone. i'm lynn berry. this week president obama puts syrian leader bahsar al assad on notice about the use of chemical weapons. and now we know why. pentagon sources tell nbc news that syria is preparing chemical weapons for the possible use against the military people in the form of aerial bombs. jim miklaszewski reports. >> reporter: as the fighting grows more intense and syrian rebels close in on damascus, the syrian regime has turned increasingly desperate. u.s. officials tell nbc news the syrian military loaded the precursor chemicals for sarn nerve gas into aerial bombs. that could be dropped from dozens of syrian fighter bombers. this week u.s. intelligence
. first signs of a changing dynamic in washington. many believe friday's unspeakable acts in connecticut could mark a tipping point. the "washington post" reporting that president obama ordered cabinet members to order proposals to curb gun violence, a push that could include a new ban on assault rifles. sources say vice president joe biden will spearhead that effort. still the white house press secretary jay carney wasn't ready to unveil specifics. >> it's a complex problem that will require complex solution. no single piece of legislation no single action will fully address the problem. so i don't have a specific agenda to announce to you today. >> one of the nation's leading proponents for gun regulation, mayor michael bloomberg, said he is prepared to use his own personal fortune for this cause. adding there's simply no need to wait for another tragedy to happen. >> if the massacre in tucson wasn't enough to make our national leaders act, and if the more recent bloodshed in aurora, colorado, oak creek, wisconsin, portland, oregon and other towns wasn't enough, perhaps this slaughter
. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: craig, as someone who spent some time in river city here in washington, i wanted to show you this. these are the inaugural stands right on pennsylvania avenue, right in front of the white house. i'm looking at them and listening to them right now. they've been going up pretty steadily. these guys work around the clock. january 21st, the president is going to be marching past the white house to live here for another four years. now, about the fiscal cliff, john boehner's in town. that's relatively rare for him to stay in town on the weekend. the president was here, but there were meetings yesterday. nancy pelosi came in and out. no one saw her. we thought reading the tea leaves maybe there would be some movement. there was some movement. the president is playing golf. haven't seen hide nor hair of john boehner. >> mike v
joe" from washington. live with us here, nbc chief foreign affairs correspondent and host of "andrea mitchell reports," andrea mitchell. white house correspondent for the huffington post, sam stein, executive editor of bloomberg news, al hunt and "time" magazine senior political analyst and "way too early" talent -- he was just extraordinary -- mark halperin. mark, you were just -- you were extraordinary. >> no one told me there's no net in that job. >> there is no net. he was great. who could turn the world on with a smile? i mean, mark halperin could, al hunt. >> throwing his hat in the air. >> we need to toss his hat in the air. sam stein has no idea what we're talking about. >> zero. >> so depressed. not a "seinfeld" reference, the greatest series of all time. al hunt, al, this is -- i'm at a loss what's going on in washington. i mean, we can all assign blame. i, right now, am especially curious with what's going through my party's mind on the fiscal cliff. but what -- why the breakdown? you know, if you're a republican, you say, i'll raise taxes. you have crossed the line. you h
because of the gridlock in washington over this fiscal cliff. christine, you had a behind-the-scenes look yesterday at what's happened. >> i interviewed the ceo of fedex about the fiscal cliff, energy securities, but along the lines of the fiscal cliff there were a lot of people at this event, gene sperling, an adviser to the president, roy blount, a republican senator from tennessee there as well. people are grim right now about where we are on the fiscal cliff. i asked the ceo of fedex, he employs people. he is shipping packages. he cares about the price of oil, price of energy, and he cares about the clarity of what's happening in washington. listen so what i asked him. >> as a ceo, when you're watching the fiscal cliff, how do you make decisions? is it irrelevant to your business if we go over the fiscal cliff? how does a ceo look at what's happening in washington and decide for next year? >> most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings on both sides of this argument are so difficu
." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place. with us on set, economic analyst steve rattner. also political editor and white house correspondent for the huffington post, sam stein. andrea mitchell. and in new york, msnbc contributor, mike barnicle. and the co-anchor of "street signs," brian sullivan. we've got a lot to talk about, mike barnicle, but i saw a headline on the front page of "usa today," a tease that is very intriguing, and that is one of the greatest players in major league baseball trying to get his worth right now. and if i were a major league team, i would pass on josh hamilton in a new york second because the guy phoned it in when his team needed him the most. there's an attitude problem. and yet he could be such a huge payoff. are the red
is that? tom foreman is in washington to speculate. good morning. >> reporter: hi, carroll. we don't know what that means. there's been speculation it will have something to do with mental health issues because certainly at a lot of local levels people talked about that on the republican side. people on the conservative side saying that has to be addressed as much, perhaps more than the gun issue itself. so we're expecting that may be the direction to go but the truth is we don't really know. what we do know is that the nra was quiet immediately after this. they often are after such incidents and they usually say as they did this time out of respect for the community and the family involved but now that a little bit of time has passed what we would certainly expect here is that there would be a clear message to the white house and to others which is be careful about overreacting at this point because the nra will push back and certainly they have proven that politically they have the power to do it not only nationally but certainly at the state level. carol? >> tom foreman reporting live
. >> that's true. >> yes. >> scarborough, commanding george washington. >> washingtonesque. >> tall. >> yes. >> dignity. >> same, 6'4", same thing, yeah. >> so clearly, it's mika brzezinski. >> really? >> when i left, they're still clapping. >> really? >> renaissance woman. >> is it the alcohol? >> i think it's more of the slaves, actually. >> the what? >> nothing. i didn't say anything. >> gotcha. >> you missed that. >> i did. >> the you're the jeffersonian. >> the art of power. the art of navigating power. >> with that, let's go to the most jeffersonian figure for the news. >> all right. we begin this morning with new urgency in the fiscal cliff negotiations with now just 21 days to reach a deal. that's three weeks. today president obama returns to campaign mode, taking his fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house. their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. neither side revealed anything about the meeting that was part of the agreement. only saying tha
matthews in washington. let me start tonight with this. when a party loses an election, the knives come out. right now we're watching the night of the long knives on the right. these stories breaking tonight. right wing senator jim demint, the man behind too many failed right wing senate challengers, christine "i'm not a witch" o'donnell, richard mourdock announced today he's quitting the senate to run the hard right heritage foundation. meanwhile, in the republican house a purge is under way with speaker boehner dumping uncontrollable right wingers from prize committee assignments. they're out because they're too right. so what is too right for the republicans following the defeat this week or their defeat last month? is voting nay in the senate against a handicap rights treaty because it carries the nightmare dread of blue helmets riding black helicopters sweeping into your home school room. is that okay? what's out? what's in in the republican party that just took a licking? bob shrum is a democratic strategist and columnist at the daily beast, and john brabender ran rick santorum's pres
is an american reporter who has worked for a number of outlets, including mcclatchy service and the "washington post." he has been missing in syria since august. in all there are 15 journalists who have reported to have gone missing in syria while reporting on this conflict. so far of the 15 only eight have been freed. our richard and ghazi and john are three of them. we and they and their families feel very lucky and very happy tonight that that is the case, even as we continue to be concerned about those for whom we cannot yet say that foreign correspondents and crews know exactly how dangerous it can be to report from a war zone. we know in part from their reporting that this particular war zone appears to be descending into just total chaos right now. you can see signs of that in the syrian government's apparent decision to fire scud missiles inside its own territory at its own people. they deny they have done it. nato says they have evidence they have. you can see it in the increasing alarm in the increasing reports that the regime may at least be moving its chemical weapons stocks around
back to us. >> yeah. thank you. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over s
deutsch. >> incorporated. >> exactly. and in washington, nbc chief foreign affairs correspondent and host of "andrea mitchell reports," andrea mitchell. she is a huge fan in jane heller. >> jane heller said she looked extraordinarily elegant last night. >> you were remarkable last night on television. >> when andrea mitchell is involved in anything, it upgrades the elegance. >> made me feel better. >> we had to counter you somehow. >> that's why we brought her on. so under fire, rice ends her bid to succeed hillary at state. and this is the lead. president obama knew before he picked up the phone on thursday afternoon what susan rice, his ambassador to the united nations, was calling about. she wanted to take herself out of the running for secretary of state and spare him a fight. and that's exactly, mika, what she did. >> so brian williams asked her about this, and here's a little bit more of her explanation of how this happened. oh, we're standing by because -- what? you guys don't have the sound bite? okay. >> i guess so. >> so let's roll it. >> i've done sunday shows many times in the
about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for dinner in this country and their subsistence are on the line and they're going to be furious. but they're not going to get furious until they see their paycheck. >> it's going to impact gdp in the first quarter, and the second quarter. americans are feeling like they're protected from the democrats? because they're in lower income households? but they won't be. their paychecks will be less because the payroll tax cut will be gone. the amt, also gone. that will affect
stocking. higher taxes, lawmakers and president obama have left washington for christmas with no deal on tax hikes and spending cuts set to go in effect after the first of the year. brianna keilar is live in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big package, obviously of deficit reduction as well as dealing with these tax hikes that are set to kick in. that's not what's going to be happening, instead, he's pressing for something smaller just to a deal with stopping those tax hikes from kicking in for americans making $250,000 per year or less. and also trying to make sure that unemployment benefits are extended. listen to what president obama said last night and also listen to what some of the house republican resistance from speaker boehner to his sort of short-term plan here. >> in the next few days, i've asked leaders of congress to
guys in there tangoing, you have a chance to get it done. >> brianna keilar is live now from washington. we don't have a lot of details about what went on in that meeting. maybe if they're both not talking, that may be a good thing. >> that's right. in fact, we have almost absolutely no details. the things that really interesting, though, to observers here is the statement that came out from the white house and from the speaker's office. they're the same statement verbatim. they're not leaking details. and that's something that you may see as possibly a good thing. it's certainly not a bad thing. it means they're coordinating and trying to negotiate or speak with good faith here. so this is, as you mentioned, the first time that the two have met in the last 23 days. this is the first time that john boehner and president obama have met one-on-one since election day just to give you a sense. again, to stress no word on progress that they're really get being anywhe -- getting anywhere here. house republicans don't want to cave on the white house's demand, the tax income race, the income ta
changed, and it's given them more space. >> here's washington at work. >> washington at its best. >> somehow we found ourselves listening to harry reid. >> yeah. >> on the senate floor. >> mm-hmm. >> comparing the republican party to the new york jets. >> what? >> it's not one of my favorite teams, but it's really, really fun to watch. and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks. sanchez. he's got tim tebow. he's got a guy like mcelroy. he can't decide who their quarterback is going to be. that's the same problem the republicans are having. romney's gone, but he's still in the background. we have mcconnell, and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> richard haass, a quizical look on your face. >> normally when you play football, you don't decide the other team's quarterback. >> right. >> that's usually for the coach to decide. so why is harry reid worried about who's the quarterback on the other team, and why is he even using this metaphor to begin with? >> it's painful. stop it right now. >>
means no skiing. yet. this resort in washington state has had to wait. >> impatiently. to get our show on the road here. >> reporter: less snow helped make it even warmer this past week. almost 700 record high temperatures have been set in the past five days. all of that will contribute to 2012 likely becoming the warmest on record in the lower 48. while one week or one season can not tell a climate story, a longer range report card was released by noaa today. the subject? the arctic, where records were broken this year. in 2012, there was less snow -- and more sea ice melting -- than they've ever measured before. satellites started measuring arctic ice in 1979. since then, half has disappeared. and just this year, 4.5 million square miles melted away, an area the size of the u.s. and mexico, combined. >> melting on the green land ice sheet is a big concern, because that moving water that's curr t currently thawed in the ice, moving it into the ocean, if that continues, that's going to have an impact on people that live in coastal regions. >> reporter: sea levels rising in vulnerable
matthews in washington. let me begin tonight with this. president obama deserves the best possible secretary of state. he picked a great foreign policy officer in the first term. he deserves to have one in the second. it's been my view some distance from the white house that the president was truly undecided on who this person should be. ambassador rice's removal of herself from consideration made his decision easier. john kerry could end up a fabulous secretary of state. someone to make this country truly proud. he lost the presidency by a single state in 2004, then went on to become a deeply effective chairman of the senate foreign relations committee. he projects a grace under pressure that we see in the president himself, a noble attribute most of us take as quiet courage. as embarrassing as it is to admit he is one of the few top politicians in this democratic country to master foreign languages. not a small talent in world diplomacy. i like kerry because he's had the guts to run for office just like hillary clinton. he's had the nerve to stick his neck out and ask the voter t
washington to break it all down. good morning. what's happening in today's vote? >> reporter: a couple of votes today. let's break it down for you, mara. the big vote that the republicans are pushing to have everyone under a million dollars keep their tax rates low. president obama says this defies lodger, that people making $800,000, $900,000 should be paying higher taxes. republicans think they can get it through the house. no luck of getting it through the democratic senate at all. second vote which is to sweeten the deal for the republicans who are skeptical is to replace the automatic cuts, a lot of which would hit the defense department with cuts in other programs like the health law and food stamps. >> and tracie, who's coming out in favor of this plan "b"? >> well, among those in favor of it, off qusly john boehner, the house speaker and also paul ryan, the chair of the budget committee and former vice presidential candidate. there have been a lot of questions about whether or not he would come out behind this plan. but he's said that it seems to meet all of the goals that repu
report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> we do know t
elementary school will at long last be enough. we have made our voices heard and hold washington accountable for facing up to the epidemic of gun violence in our country. if this moment passes into memory without action from washington, it will be a stain upon our nation's commitment to protecting the innocent including our children. this is not a partisan issue. this is just a bunch of people who i think are cowed by the nra. as i said yesterday, do you think the nra has power? just remember the number one priority was to defeat barack obama. last time i checked he will be inaugurated again. >> mayor bloomberg will be live on "morning joe" later this morning. two leading democrats who have earned high praise from the national rifle association are now rethinking their stance on guns. last night senator mark warner of virginia became the latest to call for action. >> i've been a long-time supporter of second amendment rights. you know, i believe every american has second amendment rights, and the ability to hunt and it's part of our culture. i had an nra rating of an "a." but, you know, enou
live to washington. the very latest details. >>> and michael phelps' pick for the athlete of the year. this is a surprise. this guy, he never wins anything. good morning. welcome to "early start," everyone. i'm john berman. >> i'm zoraida sambolin. it's nice to have you with us. it is early, 5:00 a.m. in the east. the fury of the first winter storm is making holiday travel very difficult if not impossible. today new england is expected to get slammed by that storm. at least seven traffic-related deaths in four states are blamed on this crazy severe weather. as the storm barrelled through the plains and the great lakes, more than a foot of wet, heavy snow fell in parts of iowa and wisconsin. there were hundreds of flights canceled right at the height of the holiday travel, as you very well know. check this out. power lines sparking. look at that. and snapping. >> holy -- wow. >> and the storm's worst, 400,000 power customers in the region had no electricity. that number was down to 133,000 by yesterday afternoon. rob marciano, you are busy tracking it all at the cnn weather center in a
washington with maria bartiromo on the "closing bell." >> it's 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "closing bell." i'm maria bartiromo coming to you live from the white house. stocks rallying and closing off the best levels of the session after senate majority leader harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume on the light side this afternoon. nasdaq composite picked it up. technology up better than 1%. s&p 500 also on the upswing. markets maintaining steady gains all day long. david kudlow and bob pisani and barbara from the street. welcome to all of you. what about coming off the best levels? >> hitting search-week highs. 13,245 is where we ended the night of election and waiting for it to settle out. 13,248, so we are exactly where we were when the elections closed. i
robinson, msnbc political analyst and associate editor and pulitzer prize winning columnist for "washington post" but most of all i can title them both as two distinguished gentlemen from south carolina. gentlemen, good to have you with us tonight. congressman, you first. is the congress -- >> thank you so much. >> is the congress better or worse off with a guy like jim demint? >> well, i wouldn't put it that way, ed. i think that jim is a very principled guy. i never agreed with a single one of his principles, but he's a very principled guy. he is doing what he thinks he needs to do in order to further his cause. he has had some real serious problems with his relationships in the senate. i think all of us who practice politics know that if you're going to be successful in any legislative body, you have to develop relationships with people and people have to feel comfortable knowing that you are going to be a certain place at a certain time. i don't think that anybody in the senate ever felt comfortable where jim demint was on any of the issues, and he had a lot of strained relationships wi
. >> we know what we have to do. >> this is not a washington commission. >> he supports reinstating a ban on assault weapons. >> weapons of war do not belong on our streets. >> limiting high-capacity magazines. >> the nra is going to be holding a news conference. >> there is going to be an announcement made. >> the nra is prepared to offer meaningful contributions. >> it is very hard to determine what they mean. >> teachers are not law enforcement. >> we have all the information. >> this is not some washington commission. >> we have all the studies. >> time is of the essence. >> we have to do something, the american people want us to do somethin something. >> it is hard out there, being a boehner. john boehner has gone from refusing to consider any tax rate increase. any tax rate increase at all to refusing to consider any tax rate increase without spending cuts attached to it. to now asking his members to pass a tax rate increase without any spending cuts attached to it. john boehner's plan b, which he wants to bring to a vote tomorrow, is simply a tax increase on incomes over a million
postures in washington? never. >> reporter: i know, who knew? >> dana, thank you. appreciate it. >>> other news now a huge natural gas line explosion is making for some difficult travel in west virginia. 20 inch transmission line erupted tuesday sending flames high into the air. it damaged and shut down part of interstate 77. drivers have been using a 45-mile detour, at least one home was destroyed, several others were damaged. >>> it has been a tough few days for the dallas cowboys, honoring a teammate killed in a car crash over the weekend and an eyewitness is revealing her side of the accident. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of
be right for you. >>> i'm bret baier in washington. the big story is the on going war in washington and throughout the country on the impending fiscal cliff. tonight on "special report," president obama visits a middle class family in virginia to emphasize the need for extending bush era tax cuts for all but the top 2%. republicans want to focus on spending cuts. the president is resisting. we'll explore that. one of the senate top conservative is leaving. south carolina tea party favorite jim demint is resigning. he will become the head of the hair tage foundation think tank. we'll talk to him live. new worries tonight about chemical weapons in syria. u.s. officials told foxyian officials -- syrian officials have loaded it on canisters to be dropped from above. on a lighter side why simpson is dancing like this to promote fiscal reform. "special report" from washington starts at 6:00 eastern now. back to new york and my colleagues with "the five." ♪ ♪ >> andrea: welcome back to "the five." well, you are looking live at the national christmas tree lightinger? washington, d.c. an
. 58 down by the bay. and over in washington right now. we have that northwest wind. i told you, it was going to change direction from the south here. that warm air. front came through. light rain on the lower eastern shore this morning. cleared out quickly. got bright, sunshiny, nice december day. but unlike the last few days, it was a radical change. here's the front from maine into the georgia area and alabama. mississippi, some rain down there. the front moved through the area down there this morning, early on. and takes the rain and clouds with it. bright sunshine. the only problem is this front is going to kind of stall out, we think, down in the south. eventually may play into our weather. kind of wading back and forth. we have a risk of more clouds coming back friday. i think most of the rain will miss us. but over the weekend, into next week. we'll have a couple of chances of maybe some shower activity, down to 49 in boston. in the 30s to our north and west. so chilly air up there. but even winnipeg at 28 is not all that bad. d
know what you think. follow us on twitter. at ac 360. >>> when we come back here in washington, time is running out for lawmakers to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. ♪ [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong founda
republicans want to solve washington's fiscal cliff dilemma, and what the democrats are saying about it. we'll talk about that, and much more with our special guest this morning, the former british prime minister tony blair is with us. but planes from iran. revolutionary guards showing off what they are claiming to be is a captured american drone. coming up why the pentagon says don't believe it. >>> and baby makes three at buckingham palace. the royal couple, will and kate, creating a media frenzy on both sides of the pond with word that they are expecting. we're going to go live to london. >> talk about this morning, in addition to tony blair, we're talking to democratic congressman xavier becerra, republican senator ron johnson from the state of wisconsin, also pat houston, whitney houston's sister-in-law and manager and jeopardy champion ken jennings written a new book. it's tuesday, december 4th, "starting point" begins right now. >>> welcome everybody, you're watching "starting point." we're honored this morning to have the former british prime minister tony blair with us as our guest
to work. cisco. tomorrow starts here. >>> while the standoff continues in washington on how to avoid that fiscal cliff, there's another really big conversation that's brewing about how each and every one of your hard-earned tax dollars is actually spent. we got a reality check for you that you may not like to hear. for every one dollar that the government collects, it spends 71 cents of it on the big four. the big four are medicare, medicaid, social security, and interest. just interest on the nation's dea debt. so that ain't pretty and i'm sorry to say it's not getting any prettier. in the next four years, those costs will eat up 100% of every dollar that the government collects. these are sad statistics from the government accountability office. no money for defense, nothing for education, food, safety, veterans, the whole shebang. it's basically in your own personal economy like spending every cent you earn on your mortgage and nothing else. no food,clothes, no car, you get the picture, right. the 20-year prediction is even more mind blowing. the big four is set to consume $1.21 f
you don't know the playing rules especially when there's so much disorganization in washington, there's no reason for the client to get involved. but when you add other taxes now, not just cap gains taxes and so on, now you're talking about high income cities like new york. you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a $30,000 increase. $30,000 is not that much. but it is after tax money. 70,000 is another number. i think it will affect them somewhat. i'm more worried about their future of what they'll not be saving. even the wealthy have to worry about the future. >> so how does it impact spending and give us the ripple effects of these higher tax rates and
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